Barrios, Salvador; Görg, Holger; Strobl, Eric - C.E.P.R. Discussion Papers - 2001
According to the ‘convergence hypothesis’, multinational companies will tend to displace national firms and trade as … measures are then used to test the convergence hypothesis for a panel of data of country pairs over the years 1985-96. Our … results provide some empirical support for the convergence hypothesis. …